The Canada Revenue Agency (CRA) is extending the payment due date for current-year individual, corporate and trust income tax returns — including instalment payments — from Sept. 1 to Sept. 30.
The CRA said Monday that it will not charge penalties and interest if payments are made by the extended deadline of Sept. 30. This includes the late-filing penalty as long as the return is filed by Sept. 30. Read more
While travel restrictions to contain the spread of COVID-19 are still in place in some provinces and territories, the past several weeks have seen a loosening of some inbound and outbound travel policies as several regions begin to slowly reopen. As well, here’s a look at some of the rules for each province and territory (updated July 6, 2020). Read more…
TORONTO — The U.S. and Canada are poised to extend their agreement to keep their shared border closed to non-essential travel to Aug. 21, but a final confirmation has not been given, a person familiar with the matter said Tuesday.
One of Canada’s highest-profile medical experts throughout the COVID-19 crisis, Dr. Isaac Bogoch, told the CBC last week that he wouldn’t be surprised if the Canada-U.S. border stays closed until into 2021. Read more…
The federal government is giving seniors a one-time, tax-free top-up payment to help manage extra costs associated with Covid-19. Read more
There is growing speculation about the impact of the virus on Life Insurance and other related coverages such as Critical Illness and Disability Insurance. For more information on the possible implications of COVID-19, click here
Life insurers are demonstrating flexibility in response to the pandemic, smoothing the sales process through digital channels, relaxed underwriting requirements and coverage extensions. Read more
As of April 6th, 2020 applications will be accepted either by phone or online at the CRA website through ‘My Account.’ The government has set up a schedule of when to apply based on your month of birth…Read more
Over the past few weeks, the coronavirus crisis has cause drastic changes in people’s everyday life. And even after it passes, it’s likely to leave its mark on the life insurance industry — which means applicants must be prepared for certain changes. Read more
Are you worried that you have contracted the COVID-19 virus? Now you can do a self-assessment of your symptoms without leaving home: click here
Here’s a breakdown of Benefit Programs and Help for Small Businesses: Click Here
